USD/JPY Forex Signal: Short at 156.13 Fed-BoJ Divergence
Created on
Last updated
USD/JPY has rallied into the 156.13/50 resistance band after the Fed's hawkish hike widened the US yield advantage over Japan. Even an expected BoJ move to 1.25% may fail to lift the yen unless Governor Ueda signals a steeper tightening path, leaving the pair vulnerable at current highs.
Bearish RSI divergence into this resistance zone supports a short-side setup for traders anticipating a rejection.
Trade Setup: Sell entry 156.10, Stop Loss 156.60 (above resistance), Take Profit 155.45 (key downside trigger), Risk/Reward approx 1:1.3. A confirmed break above 156.50 invalidates the short bias.